Median house price (affordability ratios) - WMCA

This is the unadjusted median house priced for residential property sales (transactions) in the area for a 12 month period with April in the middle (year-ending September). These figures have been produced by the ONS (Office for National Statistics) using the Land Registry (LR) Price Paid data on residential dwelling transactions.The LR Price Paid data are comprehensive in that they capture changes of ownership for individual residential properties which have sold for full market value and covers both cash sales and those involving a mortgage. The median is the value determined by putting all the house sales for a given year, area and type in order of price and then selecting the price of the house sale which falls in the middle. The median is less susceptible to distortion by the presence of extreme values than is the mean. It is the most appropriate average to use because it best takes account of the skewed distribution of house prices. Note that a transaction occurs when a change of freeholder or leaseholder takes place regardless of the amount of money involved and a property can transact more than once in the time period. The LR records the actual price for which the property changed hands. This will usually be an accurate reflection of the market value for the individual property, but it is not always the case. In order to generate statistics that more accurately reflect market values, the LR has excluded records of houses that were not sold at market value from the dataset. The remaining data are considered a good reflection of market values at the time of the transaction. For full details of exclusions and more information on the methodology used to produce these statistics please see http://www.ons.gov.uk/peoplepopulationandcommunity/housing/qmis/housepricestatisticsforsmallareasqmiThe LR Price Paid data are not adjusted to reflect the mix of houses in a given area. Fluctuations in the types of house that are sold in that area can cause differences between the median transactional value of houses and the overall market value of houses. Therefore these statistics differ to the new UK House Price Index (HPI) which reports mix-adjusted average house prices and house price indices.If, for a given year, for house type and area there were fewer than 5 sales records in the LR Price Paid data, the house price statistics are not reported.Data is Powered by LG Inform Plus and automatically checked for new data on the 3rd of each month.

本数据集收录了该区域在12个月期间（以四月为中期，结束于九月）住宅房产销售（交易）的未调整中位房价。该数据由英国国家统计局（ONS）基于土地登记局（LR）的成交价格数据编制而成，该数据详尽无遗，涵盖了所有以全市场价格售出的住宅物业所有权变更，包括现金交易和涉及抵押贷款的交易。中位数是通过将特定年份、区域和类型的所有房屋销售按价格排序，然后选取位于中间位置的房屋销售价格而确定的。与均值相比，中位数对极端值的干扰更为敏感，因此它是最合适的平均值，因为它最能反映房价的偏斜分布。请注意，无论涉及的金额多少，只要发生自由持有者或租户的所有权变更，即发生交易，且在此期间，一栋物业可以发生多次交易。土地登记局记录了物业实际成交价格。这通常将准确地反映该物业的市场价值，但并非总是如此。为了生成更能准确反映市场价值的数据，土地登记局已将未按市场价格出售的房屋记录从数据集中排除。剩余数据被认为是交易时市场价值的良好反映。有关排除细节及生成这些统计数据所采用的方法的更多信息，请参阅http://www.ons.gov.uk/peoplepopulationandcommunity/housing/qmis/housepricestatisticsforsmallareasqmi。土地登记局的成交价格数据未经调整以反映特定区域的房屋混合情况。该区域销售的房屋类型波动可能导致房屋的中位交易价值与整体房屋市场价值之间存在差异。因此，这些统计数据与报告混合调整后的平均房价和房价指数的新英国房价指数（HPI）不同。如果在给定年份、房屋类型和区域内，土地登记局的成交价格数据中房屋销售记录少于5条，则不报告房价统计数据。数据由LG Inform Plus提供支持，并在每月第三天自动检查新数据。